Europe risks being the last region to pull itself out of recession unless it can present a united front on the economic crisis and bulk up stimulus plans, according to the head of Italy’s business lobby group. Emma Marcegaglia, president of Confindustria, told the Financial Times in a video interview that the Group of 20 summit in London next month was doomed to failure if Europe did not take a co-ordinated approach to ending the crisis and forget about side issues such as hedge fund regulation, the Financial Times reported. Her warning came as business organisations from the G20 countries, meeting in London, urged political leaders to halt the rise of protectionism, renew urgently their commitment to complete the Doha world trade round and increase the supply of trade finance. Read more. (Subscription required.)
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